RETAINAGE SHALL NEVER BE HELD ON ANY PAYMENT. PAID IF PAID CLAUSES SHALL NEVER APPLY
Hereby agrees to the terms and conditions of this rental agreement with Mondello Scaffolding.
TERMS OF LEASE: The term of lease shall commence on the day the equipment is delivered to or for Lessee and shall end upon Lessor’s receipt of equipment at Lessor’s designated return location. Rental charges accrue based on the time the equipment is out; not the time of usage.
BILLING: A minimum 28-day rental period per piece of equipment shall be charged, and is due upon delivery of equipment. Equipment held beyond the initial 28-day rental period shall be charged pro rata based on the number of days until the equipment is returned to Lessor. Lessor will invoice lessee for each 28-day period, payable 15 days after the date of the invoice.
DAMAGE TO EQUIPMENT AND SHORTAGES: Lessee is responsible to return equipment in the SAME CONDITION AS RECEIVED. Upon inspection, should any shortages or damage be noted, Lessee will be held responsible and invoiced accordingly.
NO SUBLET OR ASSIGNMENT: Lessee shall not sublet or assign or allow others to have possession of Lessor’s equipment without the express written approval of Lessor.
ERRORS OR OMISSIONS: Lessor shall have the right to correct any quoted rates prior to shipment of equipment if such rates have been omitted or are incorrect by inserting the correct rental rate or purchase price; all with the same force as if originally set out.
EQUIPMENT PURCHASES: Purchases are subject to Lessor’s acceptance and are subject to prior credit approval. THERE SHALL BE NO ALLOWANCE GIVEN FOR ANY RENTAL CHARGES MADE TO THE DATE SUCH OFFER TO PURCHASE IS RECEIVED BY LESSOR.